{"schema_version":"secwatch.filing_event.v1","accession":"0000811589-25-000002","form_type":"8-K","ticker":"FBNC","cik":"0000811589","company_name":"FIRST BANCORP /NC/","filed_at":"2025-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.405095+00:00","generated_at":"2026-05-27T07:40:33.264976+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First Bancorp Q4 GAAP EPS $0.08 reflects $36.8M securities loss; adjusted EPS $0.76, up from $0.70 linked quarter","bullets":["Q4 2024 net income $3.6M vs $18.7M linked quarter; adjusted net income $31.7M, adjusted diluted EPS $0.76.","Sold $280M of 1.56% securities at $36.8M loss; reinvested $495M at 5.27% to boost future NIM.","Tax-equivalent NIM expanded 17 bps to 3.07% from linked quarter; cost of deposits fell 19 bps to 1.57%.","Hurricane Helene pretax charge of $13.4M ($10.3M after-tax) with loan exposure of $744M in impacted areas.","Full-year 2024 adjusted EPS $2.77 vs prior-year GAAP $2.53; CET1 ratio 14.33% (est.)."],"urls":{"canonical":"https://secwatch.observer/filing/0000811589-25-000002","json":"https://secwatch.observer/filing/0000811589-25-000002.json","markdown":"https://secwatch.observer/filing/0000811589-25-000002.md","text":"https://secwatch.observer/filing/0000811589-25-000002.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811589/000081158925000002/0000811589-25-000002-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811589/000081158925000002/fbnc-20250129.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T07:40:33.264976+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}